Penza, 25 August 2017. PenzaNews. The cost of the LLC "PenzaMolInvest" investment project aimed at expansion of industrial turkey breeding complex up to 100,000 tons per year in the Penza region will increase by almost 580,000,000 roubles. This was reported by the Minister of Economy Sergei Kapralov.

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"The total cost of the project will rise from 6,506 million roubles to 7,083 million roubles," he said at the 47th regular session of the Legislative Assembly of the Penza region on Friday, August 25, presenting a bill on introduction of an additional agreement to the investment agreement concluded between the company and the regional government.

According to the minister, the payback period will remain unchanged – 9 years.

"The amount of tax remissions over the stated period will equal about 400 million roubles, and additional tax proceeds to the regional budget will amount about 500 million roubles," Sergei Kapralov specified.

As a result, the deputies approved the bill unanimously.

The investment agreement between the LLC "PenzMolInvest" and the Penza region government was concluded in September 2016.